Tuesday, 31 May 2016
Last updated 1 hour ago
Mar 17 2011 | 1:15pm ET
The Ohio School Employees Retirement System will launch its search for a hedge fund consultant in the spring, the public pension said.
The $10.3 billion system earlier this month extended the contract of current consultant Aksia through the end of the year. That arrangement was to expire in August of last year, but SERS has extended it, saying it did not want to run two consultant searches simultaneously.
But the pension is nearing the end of its general consultant search, which began in November; a choice is expected at the end of April. That means that the hedge fund consultant search can get under way later this spring, Pensions & Investments reports.
Aksia will be permitted to bid to stay on; the new search is mandated by pension rules that call for contracts to be put up for bidding every five years.